CINTAS CORP·4

Mar 17, 5:59 PM ET

Coletti Robert E. 4

Research Summary

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Cintas (CTAS) Director Robert Coletti Receives Phantom Stock Award

What Happened

  • Robert E. Coletti, a director of Cintas Corporation (CTAS), received 25.59 Phantom Stock Units on 2026-03-13. The units are valued at $194.28 each, totaling $4,972. This was recorded as an award/acquisition (transaction code A) and is a derivative grant, not an actual share purchase.

Key Details

  • Transaction date: 2026-03-13; filing date: 2026-03-17 (filed timely).
  • Quantity and value: 25.59 units × $194.28 = $4,972 (derivative award).
  • Transaction type: A (award/acquisition); reported as a derivative instrument (Phantom Stock Units).
  • Shares owned after transaction: Not specified in this filing.
  • Footnote: The units are Phantom Stock Units under the Directors' Deferred Compensation Plan — each unit equals one share in value but are not actual common shares, carry no voting rights, include dividend equivalents, and are payable only in cash after the director leaves service.

Context

  • This is a compensation-related, non-cash award (deferred retainer converted into phantom units), which does not represent an open-market purchase or sale and does not convey voting power. Such awards are routine for directors and reflect deferred pay rather than a direct investment signal.